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Luxury Is Our Enemy
Luxury may refer to: *Luxury goods, an economic good or service for which demand increases more than proportionally as income rises *Luxury tax, tax on products not considered essential, such as expensive cars **Luxury tax (sports), surcharge put on the aggregate payroll of a sports team to the extent to which it exceeds a predetermined guideline level set by the league *Luxury car, expensive automobiles *Luxury train, expensive tourist trains *Luxury yacht, expensive privately owned, professionally crewed yacht *Luxury apartment, a type of property that is intended to provide its occupant with higher-than-average levels of comfort, quality and convenience *Luxury hotel, high-quality amenities, full-service accommodations and the highest level of personalized services *Luxury resort, exclusive vacation facilities *Luxury box, term for a special seating section in arenas, stadiums and other sports venues *Luxury magazine, magazines devoted to fine craft and luxury goods Music ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luxury Goods
In economics, a luxury good (or upmarket good) is a good for which demand increases more than what is proportional as income rises, so that expenditures on the good become a greater proportion of overall spending. Luxury goods are in contrast to necessity goods, where demand increases proportionally less than income. ''Luxury goods'' is often used synonymously with ''superior goods''. Definition The word "luxury" originated from the Latin word ''luxuria'', which means exuberance, excess, or abundance. A luxury good can be identified by comparing the demand for the good at one point in time against the demand for the good at a different point in time, at a different income level. When personal income increases, demand for luxury goods increases even more than income does. Conversely, when personal income decreases, demand for luxury goods drops even more than income does. For example, if income rises 1%, and the demand for a product rises 2%, then the product is a luxury good. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luxury Tax
A luxury tax is a tax on luxury goods: products not considered essential. A luxury tax may be modeled after a sales tax or VAT, charged as a percentage on all items of particular classes, except that it mainly directly affects the wealthy because the wealthy are the most likely to buy luxuries such as expensive cars, jewelry, etc. It may also be applied only to purchases over a certain amount; for instance, some U.S. states charge luxury tax on real estate transactions over a certain limit. A luxury good may be a Veblen good, which is a type of good for which demand increases as price increases. Therefore, the effect of a luxury tax may be to increase demand for certain luxury goods. In general, however, since a luxury good has a high income elasticity of demand by definition, both the income effect and substitution effect will decrease demand sharply as the tax rises. Theory Luxury tax is based on the concept of positional goods, which are scarce goods whose value arises as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luxury Tax (sports)
A luxury tax in professional sports is a surcharge put on the aggregate payroll of a team to the extent to which it exceeds a predetermined guideline level set by the league. The ostensible purpose of this "tax" is to prevent teams in major markets with high incomes from signing almost all of the more talented players and hence destroying the competitive balance necessary for a sport to maintain fan interest. The money derived from the "tax" is either divided among the teams that play in the smaller markets, presumably to allow them to have more revenue to devote toward the contracts of high-quality players, or in the case of Major League Baseball, used by the league for other pre-defined purposes. In North America, Major League Baseball has implemented the luxury tax system. The National Basketball Association also has a luxury tax provision; its utility is somewhat limited by the fact that the league also has a salary cap provision. The "hard" salary cap of the National Football ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luxury Car
A luxury car is a car that provides increased levels of comfort, equipment, amenities, quality, performance, and associated status compared to moderately priced cars. The term is subjective and reflects both the qualities of the car and the brand image of its manufacturer. Luxury brands rank above ''premium brands'', though there is no fixed demarcation between the two. Traditionally, most luxury cars were large vehicles, though smaller sports-oriented models were always produced. "Compact" luxury vehicles such as hatchbacks, and off-road capable sport utility vehicles, are relatively modern trends. Classification standards Several car classification schemes include a luxury category, such as: * Australia: Since the year 2000, the Federal Government's luxury car tax applies to new vehicles over a certain purchase price, with higher thresholds applying for cars considered as fuel efficient. As of 2019, the thresholds were approximately AU$66,000 (US$,000) for normal cars ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luxury Train
Luxury trains are a premium travel option designed to offer a comfortable ride and evoke an association with history and heritage. Some luxury trains promote tourism in destinations across a region, while others (such as the Maharajas' Express) take passengers on a long, leisurely ride through a single country. Luxury train travel has become popular, and its proponents cite several advantages over air travel. Although air travel can be monotonous, passengers on a luxury train can see the local environment, social and economic conditions, and a myriad of colors during their travels. Unlike airplanes, luxury trains are spacious and have restaurants and bars, comfortable sleeping and seating areas, and bathrooms. History Before sleeping and dining cars were introduced, long-distance train travel was an uncomfortable experience. George Pullman's first sleeping car, the Pioneer, was introduced in 1865 and was followed two years later by "hotel cars". [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luxury Yacht
A superyacht or megayacht is a large and luxurious pleasure vessel. There are no official or agreed upon definitions for such yachts, but these terms are regularly used to describe professionally crewed motor or sailing yachts, ranging from to more than in length, and sometimes include yachts as small as . Superyachts are often available for charter with a staff that caters to guests at a high standard of comfort. They may be designed to emphasize comfort, speed, or expedition capability. Depending on the season, superyachts may be most frequently found in the Mediterranean or the Caribbean. Many are available for charter at prices that exceed 100,000 per week. Larger examples may have more than one swimming pool; they may carry a variety of water toys, other boats, and some a helicopter. History At the beginning of the 20th century, when wealthy individuals constructed large private yachts for personal pleasure, some manufacturers, such as Cox & King and Charles L. Seab ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luxury Apartment
A luxury apartment is a type of apartment that is intended to provide its occupant with higher-than-average levels of comfort, quality and convenience. While the term is often used to describe high-end regular apartments, or even typical apartments as a form of aspirational marketing, a true luxury apartment is one that is variously defined as being in the top 10% of transactions on the market, or having a total value of more than $4–5 million US dollars, with "ultra-luxury" apartments being valued above US$10 million. However, it can also mean any apartment with extra amenities, such as a doorman, yoga studios or bowling alleys, among others. History The term "luxury apartment" was used since the postwar era, although its definition was less grandiose than in recent times. In the 1980s, for example, having a doorman for the building was sufficient to mark an apartment as "luxury". Competition to make the most luxurious apartment increased due to the growth of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luxury Hotel
A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a refrigerator and other kitchen facilities, upholstered chairs, a flat screen television, and en-suite bathrooms. Small, lower-priced hotels may offer only the most basic guest services and facilities. Larger, higher-priced hotels may provide additional guest facilities such as a swimming pool, business centre (with computers, printers, and other office equipment), childcare, conference and event facilities, tennis or basketball courts, gymnasium, restaurants, day spa, and social function services. Hotel rooms are usually numbered (or named in some smaller hotels and B&Bs) to allow guests to identify their room. Some boutique, high-end hotels have custom decorated rooms. Some hotels offer meals as part of a room and board arrangement. In Jap ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luxury Resort
Luxury may refer to: *Luxury goods, an economic good or service for which demand increases more than proportionally as income rises *Luxury tax, tax on products not considered essential, such as expensive cars **Luxury tax (sports), surcharge put on the aggregate payroll of a sports team to the extent to which it exceeds a predetermined guideline level set by the league *Luxury car, expensive automobiles *Luxury train, expensive tourist trains *Luxury yacht, expensive privately owned, professionally crewed yacht *Luxury apartment, a type of property that is intended to provide its occupant with higher-than-average levels of comfort, quality and convenience *Luxury hotel, high-quality amenities, full-service accommodations and the highest level of personalized services *Luxury resort, exclusive vacation facilities *Luxury box, term for a special seating section in arenas, stadiums and other sports venues *Luxury magazine, magazines devoted to fine craft and luxury goods Music *L ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luxury Box
The luxury box (or skybox) and club seating constitute the most exclusive class of seating in arenas and stadiums, and generate much higher revenues than regular seating. Club ticketholders often receive exclusive access to an indoor part of the venue through private club entrances, to areas containing special restaurants, bars, merchandise stands, and lounge areas of the venue that are not otherwise available to regular ticketholders. Location These special private seating sections located within stadiums, arenas, and other sporting and entertainment venues, are typically located in the midsection and/or main stand or grandstand. However at some tennis venues (where stadiums are smaller) the luxury boxes are often but not always located at the lowest ring of seats, nearest to the playing court. Stadium luxury boxes sometimes have their indoor facility glass panels which can be opened to a balcony type area, in order for the user to feel immersed in the action of the event. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luxury Magazine
A luxury magazine is a printed or online magazine marketed to the ultra-affluent that feature high-value products like sports cars, jewelry, mechanical watches, real estate, yachts, private jets and exotic vacations. Nationally, magazines such as Robb Report primarily offer advertisements for expensive goods. In many expensive markets, local titles exist to target the affluent. There are also many online magazines publishers including Modern Luxury and Niche Media Jason Binn (born 1968) is an American publisher and entrepreneur known for founding Niche Media and DuJour Media. Biography Binn was born in 1968 to Moreton and Penny Binn in Roslyn, New York. He graduated from Boston University's College of ... . References {{lifestyle-mag-stub Luxury Magazine genres ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luxury (Georgia Band)
Luxury may refer to: *Luxury goods, an economic good or service for which demand increases more than proportionally as income rises *Luxury tax, tax on products not considered essential, such as expensive cars **Luxury tax (sports), surcharge put on the aggregate payroll of a sports team to the extent to which it exceeds a predetermined guideline level set by the league *Luxury car, expensive automobiles *Luxury train, expensive tourist trains *Luxury yacht, expensive privately owned, professionally crewed yacht *Luxury apartment, a type of property that is intended to provide its occupant with higher-than-average levels of comfort, quality and convenience *Luxury hotel, high-quality amenities, full-service accommodations and the highest level of personalized services *Luxury resort, exclusive vacation facilities *Luxury box, term for a special seating section in arenas, stadiums and other sports venues *Luxury magazine, magazines devoted to fine craft and luxury goods Music *L ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
